Last Week's Worst-Performing Stocks: Are These 11 Large-Cap Stocks In Your Portfolio? (April 14-20, 2024)

These seven large-cap stocks were the worst performers last week. Are they in your portfolio?

1. Arm Holdings plc ARM was the worst large-cap stock performer last week, plummeting 31.08%. The company fell alongside ASML Holding N.V. ASML, which reported worse-than-expected first-quarter FY24 results last week. Exane BNP Paribas analyst David O’Connor downgraded ARM from “Outperform” to “Neutral” with a $100 price target.
2. MicroStrategy Inc’s MSTR stock lost 20.07% last week. Most crypto stocks fell last week due to the volatility in Bitcoin BTC/USD price.
3. Coinbase Global Inc COIN stock lost 15% last week due to weakness in Bitcoin’s BTC/USD price. Economist and crypto skeptic Peter Schiff expressed skepticism regarding the apex crypto blasting off in line with predictions by some bulls.
4. Prologis, Inc. PLD declined 13.73% as the company’s first quarter FY24 rental revenue of $1.83 billion missed the consensus and lowered the FY24 outlook for EPS and core FFO/share due to anticipated lower average occupancy and competitive leasing.
5. Tesla Inc TSLA fell 13.6% last week. The Elon Musk-led company had a tough week on multiple counts. It faces falling EV demand, a Cybertruck recall, employee layoffs, and price cuts.
6. Equifax Inc. EFX stock decreased 13.54%. The company reported worse-than-expected first-quarter sales results and issued adjusted guidance below estimates on Wednesday.
7. Bruker Corp BRKR has had a tough week, losing 11.90% in value after announcing NanoString Technologies’s acquisition for $392.6 million in cash.
8. Live Nation Entertainment, Inc. LYV was down 11.76%. The company’s shares took a hit following a report indicating the Justice Department will file an antitrust lawsuit against the company.
9. Arista Networks Inc. ANET fell 10.69% last week. Recently, a Rosenblatt analyst double-downgraded the stock to “Sell” with a $210 price target.
10. J.B. Hunt Transport Services, Inc. JBHT fell 10.47% as its first-quarter FY24 earnings missed consensus estimates due to lower segment gross revenue and fewer loads. Several analysts lowered price targets on the stock following the earnings miss.
11. Albemarle Corp ALB stock shed 9% in value last week due to lithium price volatility.

See Also: Tracking Last Week’s Top Performers: Are These 7 Large-Cap Stocks In Your Portfolio?

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